E-commerce Sales A Big Driver In Walmart Inc's (WMT) Earnings Beat

E-commerce Sales A Big Driver In Walmart Inc's (WMT) Earnings Beat

What may be dragging WMT stock down today is its guidance update for the most recent quarter. Retail Bank Of Hawaii accumulated 39,742 shares or 0.32% of the stock.

The comparable sales increase was driven by a jump in the price of items sold and by e-commerce.

A number of other institutional investors have also recently modified their holdings of the stock.

Operating income for the USA division decreased 3.1% to $3.9 billion in the quarter. BlackRock Inc. raised its position in Walmart by 1.7% in the first quarter.

Wal-Mart Stores Inc. (NYSE:WMT) received a Buy rating from 2 analysts. Dimensional Fund Advisors LP grew its holdings in Walmart by 1.5% during the 3rd quarter. Finally, Stelac Advisory Services LLC purchased a new stake in shares of Walmart in the first quarter valued at approximately $126,000. Ameriprise Financial Inc. now owns 8,919,633 shares of the retailer's stock valued at $696,979,000 after buying an additional 45,217 shares in the last quarter.

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Cowen & Co's Oliver Chen reiterated an Outperform rating and a $120 price target on the shares, writing that Walmart is "being agile and aggressive in the race for digital and physical share". The return on assets stands at 4.8%, Return on Equity now is 13% and the Return on Investment value is 10%. Walmart has a fifty-two week low of $84.78 and a fifty-two week high of $85.92.

The first quarter earnings of Wal-Mart Stores Inc (NYSE:WMT) beat analyst estimates on the back of a rebound in the giant retailer's e-commerce business. The retailer reported $1.33 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $1.37 by ($0.04). Net profit margin of the company was recorded at 2 percent, operating profit margin was 3.5 percent, while gross profit margin stands at 25.4 percent. The earnings statement also emphasised steps taken by the company during the quarter to reposition its portfolio of businesses. During the same period in the prior year, the business posted $1.00 EPS. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.46%. Walmart's dividend payout ratio is now 47.06%. Farr Miller Washington Ltd Liability Company Dc reported 0.25% stake. U.S. Walmart comps advanced 2.1%. Royal Bank of Canada reaffirmed a neutral rating and issued a $103.00 target price on shares of Walmart in a research note on Monday, April 30th.

Wal-Mart Stores Inc. (WMT)'s RSI (Relative strength index) is at 50.81, its ATR (Average True Range) value is 1.62, while its Beta factor was calculated at 0.53. The consensus 12-month price target was $105.40 before the results were announced and the high target is $126.00.

Walmart Inc engages in the retail and wholesale operations in various formats worldwide. Comp-store sales excluding fuel climbed 3.8% (+5.4% with fuel).

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